Alright, Real Estate Rockstars! Wendell Butler here, ready to drop some serious knowledge bombs on your heads. This week, we’re diving deep into the murky waters of note investing with none other than the legendary Scott Carson of The Note Closers Show. If you thought real estate was just about shiny houses and bidding wars, think again. Scott’s gonna flip your perspective like a poorly rehabbed house! Get ready to learn how to become the bank and squeeze profits from distressed debt. If you're looking to diversify your investments, increase your portfolio and become your own bank, then this podcast is for you!

In this episode, Scott Carson shares his unique journey into the world of real estate and note investing, revealing insider secrets that can turn distressed debt into serious cash flow. From humble beginnings to managing over a billion dollars in debt, Scott offers actionable strategies for real estate investors looking to diversify their portfolios and become their own bank.

Key Highlights:

• Scott's Origin Story: Scott takes us back to his early days, from reading "Rich Dad, Poor Dad" to navigating the 2008 financial crisis. He shares how he discovered the power of buying notes from banks, turning a $500 investment into $1,500 overnight!
• Non-Performing Notes: What exactly is the key to making money in the world of note investing, and what are Non-Performing Notes? We delve into this niche market, targeting properties with borrowers behind on their mortgages (usually 90+ days). Scott explains how to work with borrowers, create win-win scenarios, and turn non-performing notes into performing assets.
• Creative Financing and Lender Secrets: Unlock the secrets to creative financing and learn what banks don't want you to know! Discover how to navigate FDIC reports, identify opportunities, and approach internal bank departments to buy non-performing notes. Plus, tips on building relationships via email and LinkedIn without a direct mail.
• Maximizing Returns and Minimizing Risks: The name of the game in Real Estate Investing, minimizing risk and maximizing returns! Learn how to evaluate properties, determine the equity, and set the right bid prices and how to balance cash flow.
• Tax Implications: Don't get hammered by taxes! If you don't know how to properly invest in real estate then you will get hit with hidden tax burdens! This episode will help you avoid those burdens by talking about how tax certificates can wipe out your mortgage.

Conclusion:

So there you have it, folks! Another mind-blowing episode of Real Estate Take. Scott Carson has armed you with the knowledge to dive into the world of note investing and become the next big whale in the real estate pond.

Remember, it's all about finding those hidden opportunities, working with people, and not being afraid to get a little creative! You heard that right folks, don't be afraid to be a little creative in your investments, and remember, in real estate, it's always "location, location, location". That's the Real Estate Take for this week, so stay awesome and keep investing.

Scott Carson is a highly sought-after guest and host of the popular podcast, the Note Closers Show. An active entrepreneur, he is an expert in real estate investing, raising capital and marketing. He speaks regularly at different events and industry conventions focused on real estate, marketing, and podcasting. He also helps thousands of investors and entrepreneurs each year create wealth through his debt buying classes, podcasts and coaching. An avid sports fan, he spends his free time traveling, gardening, and making memories. He calls Austin, Texas home.

If you love what you are listening to, then make sure to check out the #1 podcast for note investors by listening to The Note Closers Show!

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